DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 87.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,638 shares of the sporting goods retailer's stock after selling 44,914 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in DICK'S Sporting Goods were worth $1,341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $27,000. Ancora Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at $30,000. Bessemer Group Inc. raised its holdings in shares of DICK'S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after purchasing an additional 76 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer directly owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert W. Eddy acquired 1,357 shares of the stock in a transaction on Wednesday, June 25th. The shares were acquired at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the transaction, the director directly owned 4,768 shares in the company, valued at $883,558.08. The trade was a 39.78% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 46,563 shares of company stock valued at $9,462,628. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Down 0.2%

NYSE:DKS traded down $0.36 during midday trading on Friday, hitting $206.08. 680,794 shares of the company were exchanged, compared to its average volume of 1,293,997. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $16.50 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.94 and a beta of 1.07. The company has a fifty day simple moving average of $185.88 and a 200 day simple moving average of $205.33.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DKS. Wells Fargo & Company raised their price objective on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Gordon Haskett lowered shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective on the stock. in a report on Friday, May 16th. Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. TD Cowen lowered shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a report on Thursday, May 15th. Finally, Bank of America reduced their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus price target of $219.56.

About DICK'S Sporting Goods

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.